When a Country Is Running a Balance of Payments Surplus

question 67

True/False

When a country is running a balance of payments surplus, it means that the financial flows going out of the country are lower than the financial flows coming in to the country.

---

Definitions:

Summer of Love

Refers to the summer of 1967, when thousands of young people converged on the Haight-Ashbury district of San Francisco, embodying the countercultural movement and promoting peace, love, and freedom.

Woodstock

A landmark music and arts festival held in 1969 in New York, symbolizing the counterculture movement of the 1960s with its message of peace, music, and community.

San Francisco

A major city in California, USA, known for its iconic Golden Gate Bridge, steep streets, and as a center of liberal activism in the United States.

Student Protest Movement

A social movement typically led by university students advocating for political or social change, notably active during the 1960s and 1970s.